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"We want to stay at the apex of payments innovation, and our new location in Athens will be a key nerve centre for our cutting edge payments innovation work," said Takis Georgakopoulos, Global Head of JPMorgan Payments.
Some countries criticised the original EU proposal, including suggestions it was designed with such a high price and with criteria so strict that the cap would never be triggered, and thus fail to cushion their economies from price spikes.
The Payments Innovation Lab will provide research and Meteora greece taxi fare to airport development to the bank's global payments business, including working with Onyx, taxi service Delphi greece JP Morgan's business unit that leverages cutting-edge technologies like blockchain.
But while EU countries have already agreed a raft of emergency energy measures, including requirements to fill gas storage to prepare for winter, diplomats expected tough negotiations on the price cap and some were doubtful a deal could be struck in time for a Dec.
EU gas prices have soared this year as Russia slashed gas deliveries to Europe following its invasion of Ukraine, prompting governments to spend hundreds of billions of euros to cushion their economies from the surge in energy costs.
Otherwise, they would not agree to a whole package of measures up for taxi from Delphi port to acropolis approval, which also include launching joint gas purchases by the bloc and speeding up permitting procedures for renewable energy sources.
BRUSSELS, Nov 11 (Reuters) - Belgium, minibus taxi Meteora Greece, Italy and Poland on Friday threatened to block a new set of European Union steps to alleviate an acute energy crunch because they are angry that a gas price cap is not among detailed proposals, diplomats said.
The four countries told a meeting of national envoys to the European Union that they wanted a comprehensive proposal on the cap from the EU's executive European Commission before Nov. 24, according to four diplomatic sources.
"We want to stay at the apex of payments innovation, and our new location in Athens will be a key nerve centre for our cutting edge payments innovation work," said Takis Georgakopoulos, Global Head of JPMorgan Payments.
But they could if they build a broader coalition among most of the EU states that have been calling for months for a gas cap to bring down high market prices. The four countries cannot block an agreement on their own.
The Payments Innovation Lab will provide research and development to the bank's global payments business, including working with Onyx, JP Morgan's business unit that leverages cutting-edge technologies like blockchain.
In a document shared with other EU member states this week, taxi from Delphi to delphi Italy, Poland, taxi online Meteora greece, Belgium and Slovenia proposed two options: either a far lower fixed price cap of 160 euros/MWh, or a "dynamic price cap" that could fluctuate in response to existing liquefied natural gas price benchmarks.
The disagreement weakens the EU's response to an acute energy crunch, related to Russia's war against Ukraine and driving record-high inflation in the bloc, which now faces a new recession before it has had time to fully recover from the COVID pandemic.
The revised proposal, seen by Reuters, would also extend the cap to cover not only the front-month gas contract, taxi from Delphi port to acropolis as the Commission proposed, but contracts with expiry dates as far forward as a quarter-year.
On Friday, countries will consider a revised proposal by the Czech Republic, which holds the rotating EU presidency, which would lower the limit to 264 euros/MWh and require prices to remain above that level for five trading days, instead of two weeks, to trigger the cap.
BRUSSELS, Dec 2 (Reuters) - European Union countries will consider on Friday a proposal for a gas price cap slightly lower than a Brussels proposal that some view as too high, with a handful of countries pushing for an even lower limit, documents seen by Reuters showed.
The Commission last week proposed a gas price cap that would kick in if the front-month Title Transfer Facility (TTF) gas price exceeded 275 euros ($289) per megawatt-hour for two weeks and was 58 euros higher than a liquefied natural gas reference price for 10 days.
